MARKET REPORT: Video games retailer Game Digital loses the console war as profits plunge by 81%

Video games retailer Game Digital extended its losing streak with final results which revealed a profit plunge of 81 per cent to £4.9million.
In the 53 weeks to July 30, the high street store saw revenue drop 5.1 per cent to £822.5million as it battled a 'challenging UK console market'.
Shares in the beleaguered business are down 44.6 per cent this year and it said it remained cautious about the year ahead though it was encouraged by the forthcoming line-up of new games, console and virtual reality launches.
Chief executive Martyn Gibbs said: 'We recognise that we need to continue to... read more

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